US economy added 206,000 new jobs in June, outpacing historical norms, new data shows

US economy added 206,000 new jobs in June, outpacing historical norms, new data shows

Assessment

Interactive Video

Business, Life Skills

University

Hard

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The US economy added 218,000 jobs in May, signaling growth but at a slower pace. Unemployment rose slightly to 4.1%, while wage growth was the slowest in years. The Federal Reserve may cut interest rates if the economy slows further. Consumer sentiment dropped 10% in May, with high prices being a concern. The government is working to lower prices, especially for travel and gas, to provide relief while maintaining a strong job market.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the unemployment rate in the US in May?

3.9%

4.0%

4.2%

4.1%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of the Federal Reserve's potential actions mentioned in the transcript?

Increasing interest rates to control inflation

Cutting interest rates to stimulate the economy

Maintaining current interest rates

Raising taxes to increase government revenue

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did consumer sentiment change in May according to the University of Michigan?

It increased by 10%

It fell by 10%

It rose by 5%

It remained stable

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What measure did the administration take to help reduce gas prices?

Increased gas taxes

Implemented a gas rationing system

Subsidized electric vehicles

Released a million barrels of gasoline

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By what percentage have airfares decreased compared to last year?

4%

5%

6%

7%